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A Direct Endorsement (DE) underwriter's basic responsibility is to review/certify mortgage loan origination documents for compliance with the requirements of the Federal Housing Administration's mortgage insurance program.
Common sense says absolutely not. However, this question would be answered in the fine print of any documents the borrower signs as part of the modification agreement. The borrower should read that agreement carefully before signing.
who is registered agent for federal national mortgage association
No. A federal debt is a debt that is owned to the federal government. A home mortgage is a debt that is owed to the lending agency, be it a bank, a mortgage company, etc.
The symbol for Federal Agricultural Mortgage Corporation in the NYSE is: AGM.
Not sure what you mean by "federal mortgage loans," but two possibilities are: Veterans Administration (VA) loans that are made by local lenders/mortgage companies and guaranteed by the federal government; and Federal Housing Administration (FHA) loans that are made by local lenders/mortgage companies and insured by the federal government. Also, the USDA offers subsidized loans to farmers and low-income homeowners in rural areas. Other possibilities are Federal National Mortgage Association (FannieMae) and Federal Home Loan Mortgage Corporation (FreddieMac). They are considered Government-sponsored Enterprises. They purchase mortgage loans that are made by local lenders/mortgage companies.
yes
As of July 2014, the market cap for Federal Agricultural Mortgage Corporation (AGM) is $319,624,301.92.
If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.If you are speaking of your own mortgage, no.
Whether or not a home is forfeited depends on the state or federal homestead exemption, and if the lender is willing to reaffirm the loan agreement. Second mortgages are considered secured debt and have the same legal standing as first mortgages.
No they don't. There is no income or credit qualifications other than federal delinquencies. (student loans, federal tax liens etc) We have even stopped foreclosure with a reverse mortgage.
Some mortgage loan companies based in the United States are as follows: the Federal National Mortgage Association (known as Fannie Mae), Government National Mortgage Association (known as Ginnie Mae), and the Federal Home Loan Mortgage Corporation (known as Freddie Mac).